BDA_Forum_4a_融资.pdf

1、Breakout 4A:Financing the TransitionModerated by:David Messer,Director April 18,2024Mobilizing CapitalAgenda1.Opening,context setting and introduction2.Introductory remarks from panelists3.Q&A4.Participant discussions5.Participant replayCross-industry agreement to consistently consider&use lower car

2、bon materials.Climate&Consumer Smart Housing Model with National Research Council.Mass timber insurance solutions&technology lab.Make retrofit&capital planning the expectation.2024 Action Projectshttps:/buildingsalliance.caThe Retrofit ChallengeThe Retrofit Finance ChallengeTo meet Canadas 2050 net-

3、zero commitments:Sources:Efficiency Canada(2021).Canadas Climate Retrofit MissionRBC(2021).The$2 Trillion Transition:Canadas Road to Net ZeroIEAs World Energy Outlook Report,Dec 2021$5.4Bannual cost requiredmove towards deeper retrofitsCO23X RetrofitsWhere is the industry at?BROADER SYSTEMS CHALLENG

4、ESLimited demand&unclear incentives for building owners.Multiple stakeholders need to be involved(contractors,utilities)CHANGES TO FINANCE AS USUALPerceptions of risk&longer timeframe.Complexity integrating govt.incentives&private financial offers.EARLY DAYS FOR RETROFITSLimited market awareness&exp

5、erience.Limited data&models to prove impacts of$=CO2 reductions.Who is the market?Incredibly diverse market:Range of sophistication,motivation,influencesStrained Capital:Tenant race to quality with higher vacancies.Business case for retrofits unclear,without non-financial motivation.Limited capital

6、planning.Lack of capital plans,leading to like-like replacement.Loose analysis of Toronto Class B&C commercial building ownership*:46%owned by a single building owner 22%owned by those with 2-5 properties16%owned by companies with 5-10 properties15%own owned by companies with 10+properties Photo:Ima